06:41:36 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Odd Burger Corp
Symbol ODD
Shares Issued 91,419,417
Close 2023-06-13 C$ 0.11
Market Cap C$ 10,056,136
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Odd Burger signs brokerage deal with A.S. Food Sales

2023-06-14 10:19 ET - News Release

Mr. James McInnes reports

ODD BURGER SIGNS BROKERAGE AGREEMENT WITH A.S. FOOD SALES TO ACCELERATE SALES OF ITS PLANT-BASED PRODUCT LINE ACROSS CANADA

Odd Burger Corp.'s manufacturing division, Preposterous Foods, has signed a brokerage agreement with A.S. Food Sales to accelerate sales of its plant-based protein and sauce product lines across Canada.

The expansion initiative will focus on obtaining food service customers, including hospitals, schools, convenience stores and other institutions. The Preposterous manufacturing facility currently produces 12 plant-based proteins and eight plant-based sauces specifically designed for food service use. The product line is extensive and includes plant-based chicken, beef, pork, cheese, and creamy dressings and sauces. All 20 Preposterous SKUs (stock-keeping units) are listed through Sysco Canada with distribution points in Ontario and Alberta.

A.S. Food Sales represents a select portfolio of food companies selling into the food service, retail, club and industrial segments of the Canadian marketplace. Its team of sales professionals each has over 25 years of experience in the industry, selling to the largest customers across the country. "We are excited to be the exclusive sales team for the Preposterous Food line in Canada," said Andy Strub, president of A.S. Food Sales. "We will be focusing our efforts on selling the Preposterous line into the top retailers and food service operators across the country and we certainly see huge growth potential with the brand."

"The focus for our growth will be on larger institutional customers," said James McInnes, co-founder and chief executive officer at Odd Burger. "The opportunity is tremendous as our products are specially designed for food service use, where they can be cooked in as little as one minute with commercial cooking equipment."

Preposterous Foods has made significant efficiency improvements at its facility over the past two years, resulting in an increased production capacity to service external institutions. The company plans to keep operating at its current facility while also seeking strategic acquisitions and co-manufacturing partnerships to bolster future production capacity.

About Odd Burger Corp.

Odd Burger is a chain of company-owned and franchised vegan fast-food restaurants as well as a food technology company that manufactures and distributes a proprietary line of plant-based protein and dairy alternatives to its locations. Odd Burger restaurants operate as smart kitchens, which use state-of-the-art cooking technology and automation solutions to deliver a delicious food experience to customers craving healthier and more sustainable fast food. With small store footprints optimized for delivery and takeout, advanced cooking technology, competitive pricing, a vertically integrated supply chain, along with healthier ingredients, Odd Burger is revolutionizing the fast-food industry by creating guilt-free fast food.

Odd Burger is traded on the TSX Venture Exchange under the symbol ODD and on the OTCQB under the symbol ODDAF.

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